Syllabus C: Business functions, regulation and technology — ACCA Practice Question 03

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Focus on the fundamental characteristics of blockchain technology: decentralization and immutability.

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B.It provides an immutable, decentralized ledger that prevents retroactive alteration of ingredient origin records.✓ Correct

Blockchain's primary strength in supply chain management is its immutability. Once data (like the origin of a pharmaceutical ingredient) is entered and verified by the network, it cannot be secretly altered. This provides a highly reliable audit trail.

Common mistakes

Assuming blockchain solves physical world problems (like physical quality control) rather than data integrity problems.

[Section A] A multinational pharmaceutical company is implementing blockchain technology to track the provenance of active ingredients across its global supply chain. Which of the following represents the PRIMARY control advantage of using blockchain in this specific context?

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Practice the full ACCA BT — Business & Technology Practice Exam 2

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